BTC dominance is currently testing a key trendline resistance—mirrored by weakness in the Chaikin Money Flow (CMF) index as well.
Could this signal the start of an altcoin recovery?
If Bitcoin breaks above the weekly resistance zone at $114,000–$115,000, it would likely pave the way for a full-fledged altcoin season in the months ahead
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Could this signal the start of an altcoin recovery?
If Bitcoin breaks above the weekly resistance zone at $114,000–$115,000, it would likely pave the way for a full-fledged altcoin season in the months ahead
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Trade active
BTC dominance continue to declineNote
Possible BTC.D drops from here without rebouncing. Altcoin season accelerates
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.